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Presented by![]() Vicki Lauber |
Amazing opportunity to own a well maintained 2-family home in a very walkable Portland location. Two bedrooms and full bath, as well as, enclosed front and back porches on each level. There are lots of windows, making this a bright and sunny home. Live on one level and collect rent to quickly build equity and help pay off your mortgage on the other!. . . Or have extended family live in 2nd unit for super convenience yet still maintaining complete separate living quarters. This beauty is in a very walkable location. But why leave home when you have so much to enjoy here; Large private fenced back yard; fire pit to gather around; vegetable/flower gardens; plus a bonus room to left of garage (home office, gym, art or music studio, craft space, work shop. . . or whatever makes you happy!). Shared laundry and storage space in basement. Complete separate entrances for upper unit. Separate utilities for each unit. Plenty of parking for all. Plus, the location is ideal, just minutes from Portland center, picturesque Portland Bridge and Riverfront Park! It's a short commute to Wesleyan University, as well as, multiple event venues. Life is good at 16 Waverly Avenue! Could this be your next home? Come see.
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$337,000
Sales Associate
William Raveis Real Estate
Phone: 978.857.5962
Vicki.Lauber@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.314.1072
Joanne.OKeefe@raveis.com
NMLS Mortgage Loan Originator ID 38342
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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---|---|---|---|
Loan Amount | $269,600 | $269,600 | $269,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.695% | 6.810% | 6.026% |
Monthly Tax Payment | $385 | $385 | $385 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,552 | $1,726 | $2,239 |
Total Monthly Payment | $2,012 | $2,186 | $2,699 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.